Crime Cryptocurrency Romance Scams 
Fintech News
FEBRUARY 15, 2024
In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 Value received by illicit crypto addresses dropped significantly in 2023, driven by a decline in crypto scamming and hacking revenue by 29.2% billion, representing a 39% year-over-year (YoY) decline from US$39.6 and 54.3%, respectively.
The Fintech Times
AUGUST 31, 2024
Previously, the highest number of scams in new wallets was 29.9 Interestingly, while crypto scams might be on the rise, their lifetime has actually decreased. According to the second part of the Mid-Year Crime Update , in 2020, scams that started at the beginning of the year lasted 271 days. per cent in 2022.
Fintech News
FEBRUARY 21, 2024
In the ever-evolving cryptocurrency market landscape, 2023 marked a pivotal year that saw significant shifts in the nature and scope of illicit activities. Advancements in blockchain analytics and crime prevention technologies have been pivotal in identifying and combating illicit activities.
The Payments Association
OCTOBER 28, 2024
Investment scams , while accounting for fewer cases, lead to the largest financial losses among APP scams, totalling £56.4 Criminals lure victims with promises of high returns, often using fake investment opportunities in areas like cryptocurrency, property, or gold. Losses from romance scams amounted to £14.5
FICO
NOVEMBER 15, 2021
Despite numerous studies and newspaper headlines informing us about the scams that fraudsters perpetrate, most of us don’t think we can easily be tricked into handing over money to criminals. We asked them about the kind of financial crime that was worrying to them. FICO recently carried out a survey of 12,000 people in 12 countries.
The Fintech Times
SEPTEMBER 28, 2024
Whether it’s a romance scam or identity-based fraud, most financial crimes begin outside traditional financial institutions, and regulatory coverage should reflect this. We will also see more global coordination among regulatory bodies to address cross-border financial crimes to reduce regulatory arbitrage.”
Fintech News
MAY 8, 2025
Asian organized crime groups have emerged as definitive market leaders in cyber-enabled fraud, money laundering and underground banking. The forced labor involves conducting online scams, such as cryptocurrency fraud, romance scams, or fake investment schemes, targeting victims around the world.
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